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36 Bennetts Hl 12,290 SF 71% Leased Office Building Birmingham B2 5SN $5,071,806 ($412.68/SF) 5.94% Cap Rate
INVESTMENT HIGHLIGHTS
- A FULLY LET INVESTMENT SALE LOCATED IN THE HEART OF BIRMINGHAM'S CITY CENTRE.
- Located on Bennetts Hill, the heart of Birmingham's City Centre.
- Potential to develop upwards and increase overall sq ft.
- 10,388 Sq Ft (NIA).
- Net Internal Yield of 5.96%.
- Freehold Sale.
- Refurbished and Modern Offices.
- Seperate lift access for the offices.
- Capital Value of £365 psf.
EXECUTIVE SUMMARY
36 Bennetts Hill is a fully let investment sale with 6 well-established tenants with a combined yearly income of £265,987 PA. This corner site has had extensive refurbishment undertaken on the 1st to 4th floor offices and lobby with each floor being self-contained with w/c’s on each floor. The lower basement is used for storage and the ground floor tenants occupy the majority of the basement square footage.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
12,290 SF
Building Class
B
Year Built/Renovated
1879/2015
Price
$5,071,806
Price Per SF
$412.68
Cap Rate
5.94%
NOI
$301,265
Percent Leased
71%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
2,048 SF
Building FAR
4.03
Lot Size
0.07 AC
AMENITIES
- Food Service
- Storage Space
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The property is available on a lease to be agreed.
Floor
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,744 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste Fl | 1,871 SF | Office | Spec Suite | Now |
2nd Floor
| Size |
| 1,744 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste Fl
| Size |
| 1,871 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
1 of 27
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 1,744 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The property is available on a lease to be agreed.
3rd Fl-Ste Fl
| Size | 1,871 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
Floor
1 1
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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36 Bennetts Hl
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